Markets “Gapped Up” again today but many Interest Rate sensitive Funds were lower on hopes of a strengthening Economy. The S&P 500 Index made a new High at 3085, and Support is at 3028. The rally is fairly narrow and weaker stocks are not bouncing up much. Several Sells today (See below).
Most Leaders are Way Above the Green Lines, and buying in the Red Zones is normally not a good bet.
With the Markets up at the Highs, the few Money Wave Buy Signals have not popped well… We need a bigger pull-back. NEW SUBSCRIBERS: Please be patient and WAIT for the Leaders and the S&P 500 Index to come back down into the Green Zones for more Money Wave Buys soon.
Bonds were down again today on Equity strength.
Crude Oil was up $0.36 today at $56.56.
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The Following Investments will probably have a Money Wave Buy Signal soon. (Slow Stochastic Closing > 20) on today’s Close.
BUYS TODAY 11/04/2019 NONE TODAY
Money Wave Buys Signals Soon (Short Term): (Best to Buy these when the S&P 500 is also in the Green Zone.)
“JUMP START” Candidates (NEW): (Buy Signal should be very soon… Click on the Jump Start link for more info.)
MDCO MEDICINES CO. Money Wave must Close in the Green Zone.
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ARMK ARAMARK HOLDINGS
NAT NORDIC AMER. TANKERS Medium Term Buy if it Closes above $3.83 on High Volume.
PETS PETMED EXPRESS INC.
Please be patient and wait for Money Wave Buy Signals. We will email you when they are ready. Click on Watch List.
Emotions are very high now, so please do not Buy unless you are VERY NIMBLE.
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines).
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SELLS TODAY
ITB HOME BUILDING FUND CHANGE to Medium Term (Sell Stop Loss below the Red Line of $43.09).
TLT US GOV’T. BOND FUND EXIT if it is going to Close below your Buy Price, or $139.34.
AVP AVON PRODUCTS EXIT if it is going to Close below your Buy Price, or $4.28. This trade was not logged.
HD HOME DEPOT INC. EXIT if it is going to Close below your Buy Price, or $236.80. This trade was not logged.
GOGO GOGO INC. EXIT if it is going to Close below the Pink Line around $6.19. This trade was not logged.
IOVA IOVANCE BIO EXIT if it is going to Close below the Pink Line around $20.77. This trade was not logged.
KBH KB HOMES EXIT if it is going to Close below your Buy Price, or $35.69. This trade was not logged.
Check PORTFOLIO (Open Positions) and adjust your Sell Stops.
Click for CLOSED POSITIONS.
Many like to Buy the day before, near the Close, if the Money Wave is going to create a Buy Signal (Closing > 20).
Don’t Buy if the Investment has already popped up too much. Money Wave Buys are usually good for a 3-6 % move in a few days.
We will “Not Log” trades if the Reward/Risk is not at least 2:1.
Related Post
– Bonds